Nordic Match is pleased to announce that Munksjö has signed an agreement for the divestment of its 60% shareholding in Hebei Minglian New Materials Technology Co., Ltd. to Mr. Shi Jinhuan, one of the founders and co-owner of the current minority shareholder, Hebei Minglian Project Management Partnership. Closing of the transaction was completed in October 2025.
Nordic Match served as the exclusive financial advisor to Munksjö in this transaction.
About Munksjö:
Munksjö is a leading international manufacturer of decor paper solutions for the surface upgrading of wood-based panels. The Company offer and develop innovative, tailor-made decor paper solutions, which are further processed and finally used in product applications, ranging from furniture and laminate flooring to other interior and exterior surface materials. With approximately 1200 employees, Munksjö operates at five production sites in four countries: Germany, Spain, France, and Brazil. The annual net sales are about EUR 440 million.
The transaction is part of Munksjö´s strategy to focus the resources on its core operations and enhance competitiveness in the global decor paper and high-performance paper solutions markets. By transferring ownership to a dedicated local partner, the Xingtai plant will benefit from strong, long-term commitment and continuity.
Munksjö will continue to serve local customers with advanced decor paper solutions supplied from its European sites and supported by the local sales office in Shanghai.
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Manfred Bracher
CEO of Munksjö
China remains an important market for Munksjö. Through our strong production capabilities in Europe and our local commercial presence, we are well-positioned to continue delivering premium solutions to Chinese manufacturers seeking for high-quality decor papers. I want to thank our colleagues at the Xingtai plant for their contributions and collaboration.
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Markus Dahlström,
Partner at Nordic Match
We are delighted to have advised Munksjö on the divestment of its majority stake in Hebei Minglian to Mr. Shi Jinhuan. This transaction reflects Munksjö´s strategic focus on its core operations while ensuring the Xingtai plant continues to benefit from a committed local partner. It has been a pleasure to support both parties throughout the process and to help secure a smooth and successful outcome in the Chinese market.
Deal Team
Markus Dahlström
Partner｜Stockholm
markus.dahlstrom@nordic-match.com
Tony Wang
Partner｜Shanghai
tony.wang@nordic-match.com
Frank Pan
Director｜Shanghai
frank.pan@nordic-match.com
Claire Shen
Vice President｜Shanghai
claire.shen@nordic-match.com
About Nordic Match
Nordic Match is a financial advisory boutique based in China and the Nordic countries with a core focus on Asia-Euro transactions.
Asia | Nordics | DACH region | Benelux
